The FCA has made confiscation orders totalling more than £3.2m against seven men for insider dealing offences.

The case, heard at Southwark Crown Court, was against Ali Mustafa, Pardip Saini, Paresh Shah, Neten Shah, Bijal Shah, Truptesh Patel and Richard Joseph.
The following orders were made and must be paid over the course of the next six months:

On 27 July 2012 Ali Mustafa, Pardip Saini and Paresh Shah were sentenced to three years and six months imprisonment.
Neten Shah was sentenced to 18 months, and Bijal Shah and Truptesh Patel were sentenced to two years.

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These defendants were convicted of making a combined profit of £732,044.59 on trading between 1 May 2006 and 31 May 2008.
On 29 March 2013 Richard Joseph was sentenced to four years imprisonment for Insider Dealing offences. Mr Joseph's trading resulted in a net profit of £591,117 on trading between September 2007 and July 2008.
In addition, Richard Joseph and Neten Shah were also ordered to pay a costs order of £200,000 and £100,000 respectively.
Tracey McDermott, director of enforcement and financial crime, said: "The FCA has made it clear that we will use all of the tools at our disposal to ensure that our markets are clean.
"These individuals engaged in a sophisticated scheme to try and make easy money by exploiting inside information.
"As a result they have not only lost their liberty, their livelihoods and their reputations but they have also now been ordered to pay significant sums in confiscation.
"This should be a clear message to others that insider dealing does not pay."